A Study of Trade Complementarity between China and the Baltic States and its Development Strategies
The paper mainly studies trade complementarity between China and three Baltic States, namely Lithuania, Latvia and Estonia. The paper first introduces China and the three Baltic States’ current trade situation. It then makes an empirical analysis on the trade complementarity between China and the...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2018-08-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | http://www.amfiteatrueconomic.ro/temp/Article_2756.pdf |
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| Summary: | The paper mainly studies trade complementarity between China and three Baltic States,
namely Lithuania, Latvia and Estonia. The paper first introduces China and the three Baltic
States’ current trade situation. It then makes an empirical analysis on the trade
complementarity between China and the three Baltic States by using models of revealed
comparative advantage (RCA) and trade complementarity index (TCI) respectively, which
reveals that complementarities of China to the Baltic States are mainly in the laborintensive
products, while complementarities of the three Baltic States to China are in the
resource-intensive products. However, the current structure of imported goods from the
Baltic States to China is different from the results of complementarity analysis. In this
study an expanded trade gravity model is used to analyze trade potential, which helps to
develop feasible trade strategie |
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| ISSN: | 1582-9146 2247-9104 |